Fuel margins remain “persistently high”

Competition and Markets Authority (CMA) publishes latest report analysing competition in the road fuel market and the factors influencing prices paid by drivers. New analysis shows fuel retailer operating costs do not explain why fuel margins remain at persistently high levels Fuel finder set to launch next year [2026] to help drivers get the cheapest prices and boost competition in the sector CMA publishes enforcement guidance setting out what happens if … Continue reading Fuel margins remain “persistently high” →

Drivers still paying too much for road fuel

The Competition and Markets Authority (CMA) has published 26th July 2024 an update on the widespread action it is taking to ensure that people can get the best possible choices and prices in the face of ongoing cost of living pressures. New analysis highlights how the cost to drivers of weakened competition in the fuel sector … Continue reading Drivers still paying too much for road fuel →

2024-2025: Car and van fuel benefit charges

Company van The Van Benefit Charge applies when an employee is provided with a company van and it is used for personal journeys. The Van Fuel Benefit Charge applies where fuel is provided by the employer to cover private use. Company car fuel benefit A director or employee who is provided with a Company Car … Continue reading 2024-2025: Car and van fuel benefit charges →

Approved Mileage Allowance Payments error

HMRC’s Income Tax Policy Team has indicated that over the last 6 months, both HMRC & HM Treasury have received a large number of queries relating to Approved Mileage Allowance Payments (AMAPs), which may be paid to employees free of tax and NI for any business miles travel they do in their own vehicle (not … Continue reading Approved Mileage Allowance Payments error →